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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 19, 1912
Page
7
Butter advances at a cent per pound daily with wholesale quotes at 30 cents for top grades, up from 27 cents last Monday. Cheese, eggs, and poultry follow rising price trends as northern shipments lag and storage eggs hold at 22 cents per dozen. Sugar and coffee markets show tight supply patterns with high price expectations and limited competition among big traders.
Prices paid to shippers across poultry, dairy, produce, and meats. Large hens at $7, fryers $4.50 to $5.00 per dozen, eggs 15 to 16 cents, butter creamery 27 to 30 cents, cheese 19 to 20 cents, greens and fruits with varied per box or per hundredweight rates. Includes canned goods, dried fruits, and miscellaneous wholesale items with unit prices and packaging notes.
Activity and strength marked the iron industry last week as railroads place steady orders for steel. Central west orders for 3000 more cars lift total purchases since August to 12 000 cars while shipments this year top 2 000 tons. Steel building contracts revived with bridges and a 20 story office building contract for 5000 tons. Equitrust may require about 35 000 tons of steel.
Market brief notes stronger lead prices at 4:40 and higher Spelter trading at 7.00 as metal markets show gains in St. Louis.
In Union Stock Yards Aug 19 two hundred ninety seven cattle 69 calves and four hogs showed a well filled market. Cows opened high topping at 4.25 with bulk 3.50 to 4. Calves to 5 with general 4 to 4.50. Hogs scarce sold on an 8.26 basis. No sheep or goats offered.
Temperatures rainfall and weather conditions for the Houston district stations for the 24 hours ending 8 am. Data include lowest temperatures in the last 12 hours and notes on usage in computing district averages.
Observations recorded at 8 am on Monday August 19 1912 include wind direction and velocity, temperature, rainfall, and general weather conditions across multiple columns. The entry notes a first column wind direction, second column wind speed, third column temperature, fourth column rainfall, and fifth column overall weather state.
Liberal receipts Monday in cattle and calf divisions brought slow trade. Beef steers and calves cleared near steady with early trading slow. cows 10 to 15 cents lower. Hogs reached $9 a head, full load at $8.90. sheep values rose with markets up about five cents. Top cattle $6.46. calves steady. sheep top $6.60.
Chicago market reports show cattle receipts at 18 000 with prices up to ten cents, steers and stockers in the 4.25 to 9.75 range, hogs at 32 000 with a slow market and varying classes, and sheep receipts at 35 000 with steady to slightly lower tones. Strong cattle demand contrasts with slower hog trading and firmer to lower sheep pricing.
Cattle receipts 13 000 with native and southern steers and cows and heifers quoted. Hogs receipts 4500 with a steady market and ranges from 8 25 to 8 55 for packers and butchers. Sheep receipts 7000 with steady market and lambs and yearlings priced from 3 25 to 6 76.
Receipts total 6000 cattle including 500 Texas and Oklahoma stock, hogs 500, and 3000 sheep. Native beef steers bring 5.50 to 10.00, Texas and Oklahoma steers 4.60 to 7.75, cows and heifers 3.50 to 7.25, calves 5.50 to 8.25, hogs 7.00 to 8.70, native muttons 3.50 to 4.50, lambs 5.50 to 8.75. Market remains steady across categories.
Butter and eggs hold steady with creamery prices around 22 to 24 cents and 17 to 19 cents for firsts. Cheese quotes show variations across daisy and young American styles while potatoes ease to 50 to 60 cents for common grades and birds steady with turkeys and chicks at 12 cents and springs 16 cents.
On August 19 in St Louis quotations showed poultry steady with chickens at 11 to 14 cents, spring chickens 14 percent, turkeys 17 1 2 cents, ducks 10 percent, geese 5 to 6 cents. Butter and eggs also had firm or quiet quotes with butter steady and eggs firm at 18 cents.
Butter prices held steady in New York as creamery extras traded around 26 26.5 cents per pound. Receipts totaled 4954 pounds, with creamery extras and fresh gathered products reported steady at similar levels amid the day’s trading.
Quotations from Kansas City today show butter at 24c for creamery, 22c firsts, 20c seconds, packing stock 20c. Eggs listed at 20%c extras, 19c firsts, and 14c seconds.
Raw sugar remains steady with Muscovado at 3.55c per pound, centrifugal 4.05c, and molasses sugar 3.30c for a 9 test. Refined sugar steady. Petroleum quiet. Molasses dull. Hides and leather firm.
Coffee market reports No. 7 14c futures steady with September at 12. Marsh futures noted at 12.98. Market activity centered on New York and nearby contracts.
The Weather Bureau bulletin forecasts a week of moderately high temperatures in the southern states and central regions, with cooler conditions north of the Rocky Mountains. Rain will be light and localized in the south and above normal in northern states, with a disturbance expected to cross Tuesday in the northwest, Thursday in the middle west, and Friday or Saturday in the east.
Unsettled weather in the Northwest supports wheat while prices slide. December wheat opens around 93 cents, slips to 93 3/8 cents, then holds near 93 1/8. Corn trades mixed with selling pressure, oats rise early, pork and ribs ease, and December corn ends near 53 1/2 cents.
The cotton market opened barely steady and declined with over Sunday selling. Reports of favorable crop progress and hedge selling weighed on prices. October futures hit new lows before covering rallies and renewed buying by domestic spinners. By early afternoon prices rose about 10 to 11 points amid Wall Street support as activity shifted.
New Orleans cotton opened steady with declines of 4 to 9 points as cables lagged expectations and weather maps favored dry eastern belt. Reports from Texas counties showed crop conditions improving while West Texas rains supported cautious buying by shorts, with prices drifting from down to slightly above Saturday's close by afternoon.
Cotton futures opened steady with January at 11.31 to 11.38, March 11.42 to 11.56, May around 11.62, and August 11.46. Prices closed steady with a small net advance of 6 points as various contracts showed mixed intraday highs and lows.
Closing spot cotton in Liverpool declines as demand stays tight. American middling fair quotes at 7.384 pence per pound with other grades down. total sales reach 5000 bales, including 4400 American, while receipts sum to 4200 bales all from America.
Cash wheat prices list several grades with values: No 2 red 1.04 to 1.06, No 3 hard 95 to 96 cents, No 1 northern 98 to 1.06, No 2 northern 97 to 1.03, velvet chaff 88 to 96 cents, durum 90 to 95 cents. Corn prices show No 2 at 79 cents, No 2 white 80 cents, No 2 yellow 19 cents. Oats include No 2 80 percent uk, No 2 white 33 to 34 cents, standard 38 cents.
Futures opened easier and closed barely steady in Liverpool trading. The month pairs moved with small declines from August through July to August, with fractional changes noted across the curve.
Leading spot markets show unchanged cotton prices in New Orleans with spot sales of 67 bales and no arrivals. Quotations range across grades from low ordinary at 8 1/2 to middling fair at 12 1/8 cents, with receipts totaling 301 and stock at 23,240 bales.
Prices show No 2 red wheat at 1.05 1.07, No 2 hard 94% 96c, corn No 2 16% 1.4c, No 2 white 68% 70c. Wheat and corn closes noted for September and December with oats at Sept 1%c and Dec 31%c.
A chaotic OCR read lists wheat and corn futures with percentages and month codes. It mentions September wheat, December and May options, and corn with several price points and contract identifiers, reflecting a volatile futures page.
New York August reports cotton goods prices lower across all lines as buyers hesitate on unsettled market. Strikes at New Bedford and Adams mills continue. Demand improves for fine ginghams while dress gingham congestion eases. Export trade quiet. spring offerings listed with current values for print cloths, sheetings, denims, tickings, and dress ginghams.
R A Lowland and wife transfer lot 16 block 9 Riverside Park to Charlies G Kaylor for 3000 dollars. D Hancock transfers lots 4 and 6 block 9 city block 3150 Marlborough Place addition to O E Lindholm for 8000 dollars. Remaining entries list two lots 17 and block 1 city block Warn Boulevard with 5260 dollars.
Galveston Tex August 19 spot cotton closed quiet with declines. Quotations show ordinary 79-16, ordinary 89-16, good ordinary 9 7-16, low middling 11 1-16, middling 12%, good middling 12%, middling fair 13%. Sales none, fob 1398. Receipts 5959, stock 37,275.
Cotton spots closed steady with 1 to 16 cents decline across grades. Prices ranged from 7 8 16 to 12 1/2 cents for various categories. sales totaled 87, with 66 62 fob shipments 17 069 and stocks 28 199.
Spot cotton in Memphis on August 19 held steady at middling 12 cents per pound. Buyers and sellers waited for market cues as the daily trade closed with little price movement and no notable shifts in demand.
In Memphis on August 19, farmers and merchants reported prime basis at 5.24 to 5.47 cents per pound for cotton seed, meal selling between 26.50 and 27.00 dollars, and linters at 3 percent.
New York trading ends dull as cotton seed finishes with steady spot and nearby prices. Spot at 6.40 to 6.50 with Aug at 6.49 to 6.47 and Sept at 6.49 to 6.51. Oct 6.47 to 6.48. 900 sold at 6.48. Nov 6.25 to 6.27. Dec 6.15 to 6.17. Jan 6.17 to 6.17. Feb 6.17 to 6.24. Total sales 4,600. No sales in third to fourth calls.
The progressive party convention in Chicago cost 19403. The arrangements committee treasurer reports receipts of 13262.55 from tickets and 1265.39 from programs. Contributions from hotels and individuals covered the rest, leaving 474.63 in the treasury.
The Commercial Appeal notes a favorable week for much of the southern cotton states with fast plant growth and satisfactory fruit set. Early bolls near maturity if frost delays, some districts may still yield a fair crop though late season is expected. Rainfall shortages limit Texas and North Carolina shows shedding while boll weevils increase in Mississippi and Louisiana.
Prime mercantile paper stands at 5.65 percent while sterling exchange remains steady. Bankers' bills trade at 4.84.50 for 60 days and 4.87.10 for demand. Commercial bills 4.83 percent with bar silver at 62 1 2 cents per ounce and Mexican dollars at 48 1 2 cents. Government and railroad bonds show steady or irregular activity.
In New York on August 19 money on call remained steady with the ruling rate between 2 and 3 percent. Closing bids and offers show small variations across time loans from 30 days to 90 days with rates around 2 to 4 percent.
New York metal market notes copper steady with spots and futures in fitful ranges. Electronically traded tin and lead hold near prior levels as antimony and iron show modest moves with No 1 northern iron quoted around 16 dollars.
License notice lists holders Wolff and Marx for permit No 2641 at Alamo Plaza. Registration is filed under automobile licenses with location tied to the Alamo Plaza address.
New York August 19 The stock market opened with strength in the Canadian group led by Canadian Pacific up three points and Minneapolis, St. Paul and Sault Ste. Marie up 1% but most issues declined. American Tobacco fell over two points while Reading and Lehigh Valley sold off, sending the market from near irregular to heavy. Some specialties and bonds moved irregularly with a late recovery and a dull close featuring large offerings and widespread declines from the day’s top levels.
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